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Richmond Events US Business Panel Research - Happiness report

The latest Richmond Events' business panel report is now available. Please read on for headline findings and to download the full report.

• Well over ½ the panel claim to be content in their present position, split 23% very and 39% mostly. 17% claim not to be happy, the rest saying their contentment is variable.
• 41% say their workplace happiness has improved over the last year, 14% a great deal and 27% a little. However 33% say it has reduced, 22% a little and 12% a great deal.
• Over ½ the panel, say they have not been affected by the economic downturn of the last few years, whilst just under a third feel that, whilst it was difficult for a while, things have improved.
• The top two areas that give the panel most workplace satisfaction (excluding promotion & a pay rise) are helping the team reach peak performance and helping their organization improve its competitive position. The panel say they receive little satisfaction from proving a superior wrong or getting rid of a troublesome team member. Of course they don’t…
• The top two reasons the panel are likely to experience periods of discontent at work are slow / poor decision-making and actions of colleagues.
• The highest proportion, over half the panel are pleased when they’re asked to take on extra work, as they feel it confirms the confidence their superiors have in them. This is over three times the number who have the opposite view and feel they’re being taken advantage of.
• The two departments to give the panel most grief on a regular basis are IT & Finance.
• Asked about their families’ happiness the top 2 areas for concern are; the ever increasing cost of living and funding ‘my’ retirement.
• In terms of the Richmond Business Confidence Index (in which we ask within every questionnaire), the figures are quite alarming, with all 3 areas having seen falls since the last wave;
• In terms of their own organizations one in four are very optimistic (down from 41%), whilst a further 50% are quite optimistic (36%). This leaves 20% who are not very optimistic (down from 23%), with 4% not at all optimistic about their organizations prospects (previously 0%).
• There is less optimism for the US economy. 55% of respondents are optimistic (either very or quite); a figure down from 68% for the last wave. As a result 42% (32%) are not very optimistic and 3% (0%) not at all optimistic.
Download the full report.

For further information, please contact David Clark

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